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ERM
Elm Ridge Management Portfolio holdings
AUM
$88.8M
1-Year Est. Return
18.88%
This Fund
S&P 500
This Quarter
Est. Return
+5.52%
1 Year Est. Return
+18.88%
3 Year Est. Return
+93.64%
5 Year Est. Return
+193.58%
10 Year Est. Return
+285.91%
AUM
$569M
AUM Growth
+$49.9M
(+9.6%)
Cap. Flow
-$33.5M
Cap. Flow
% of AUM
-5.89%
Top 10 Holdings %
Top 10 Hldgs %
61.75%
Holding
38
New
7
Increased
8
Reduced
19
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
American International
AIG
|
+$12.1M |
| 2 |
Range Resources
RRC
|
+$10.2M |
| 3 |
Nabors Industries
NBR
|
+$5.22M |
| 4 |
Murphy Oil
MUR
|
+$4.23M |
| 5 |
NMBL
Nimble Storage, Inc.
NMBL
|
+$4.09M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Terex
TEX
|
+$14.5M |
| 2 |
Progress Software
PRGS
|
+$9.91M |
| 3 |
DNY
DONNELLEY R R & SONS CO
DNY
|
+$9.74M |
| 4 |
MBIA
MBI
|
+$9.19M |
| 5 |
QEP
QEP RESOURCES, INC.
QEP
|
+$8.04M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 30.4% |
| 2 | Energy | 26.72% |
| 3 | Financials | 24.86% |
| 4 | Industrials | 7.42% |
| 5 | Technology | 4.96% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
PUT
TransDigm Group
TDG
$60B
| $6.61M | 1.16% |
+30,000
| New | +$6.55M |
|
|
27
Nabors Industries
NBR
$1.36B
| $6.47M | 1.14% |
+14,065
| New | +$5.22M |
|
|
CRC
28
DELISTED
California Resources Corporation
CRC
| $6.34M | 1.12% |
615,905
+272,332
| +79% | +$3.21M |
|
|
NMBL
29
DELISTED
Nimble Storage, Inc.
NMBL
| $4.51M | 0.79% |
+574,896
| New | +$4.09M |
|
|
MRO
30
DELISTED
Marathon Oil Corporation
MRO
| $4.19M | 0.74% |
375,767
-14,467
| -4% | -$135K |
|
|
LNW
31
DELISTED
Light & Wonder
LNW
| $3.44M | 0.61% |
365,050
-237,300
| -39% | -$1.77M |
|
|
DNR
32
CALL
DELISTED
Denbury Resources, Inc.
DNR
| $3.33M | 0.59% |
+1,500,000
| New | +$2.5M |
|
33
PUT
Bausch Health
BHC
$2.12B
| $1.18M | 0.21% |
+45,000
| New | +$3.33M |
|
|
ARO
34
DELISTED
Aeropostale Inc
ARO
| $562K | 0.1% |
2,833,671
-223,475
| -7% | -$59.2K |
|
|
35
Progress Software
PRGS
$1.79B
| – | – |
-412,849
| Closed | -$9.91M |
|
|
36
Terex
TEX
$6.67B
| – | – |
-787,120
| Closed | -$14.5M |
|
|
UPL
37
DELISTED
Ultra Petroleum Corp. Common Stock
UPL
| – | – |
-1,805,961
| Closed | -$4.51M |
|
|
ARO
38
CALL
DELISTED
Aeropostale Inc
ARO
| – | – |
-1,136,800
| Closed | -$364K |
|
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Elm Ridge Management's Q1 2016 Portfolio in Review
As of Q1 2016, Elm Ridge Management held 38 positions worth $569M, up 9.6% from $519M the previous quarter. Its ten largest holdings account for 62% of the portfolio.
Elm Ridge Management withdrew a net $33.5M in Q1 2016, closing 4 positions and reducing 19 holdings. Its most notable exit was Terex, an estimated $14.5M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 30% of assets, up from 21% a quarter earlier, followed by Energy and Financials.
Against the trend, Elm Ridge Management opened a new position in American International worth $12.1M.
- Elm Ridge Management's largest Q1 2016 buy was American International: 224,275 shares worth $12.1M.
- Elm Ridge Management added most to Murphy Oil in Q1 2016, an estimated $4.23M increase.
- Elm Ridge Management's biggest Q1 2016 reduction was DONNELLEY R R & SONS CO, cutting an estimated $9.74M.
- Elm Ridge Management fully exited Terex in Q1 2016, selling an estimated $14.5M.
- Elm Ridge Management's ten largest holdings make up 62% of its $569M portfolio in Q1 2016.
- Elm Ridge Management opened 7 new positions and closed 4 in Q1 2016.
- Elm Ridge Management's portfolio value rose 9.6% quarter-over-quarter to $569M.
Based on Elm Ridge Management's 13F filing for Q1 2016, filed 16 May 2016.